First Racing was an Italian motor racing team founded by Lamberto Leoni, which competed in International Formula 3000 from 1987 to 1991 and the Italian Formula 3 Championship in 1990. The team also made an unsuccessful attempt to enter Formula One in 1989.

Lamberto Leoni is a former racing driver from Italy. He participated in five Formula One World Championship Grands Prix, failing to qualify for three of them. He scored no championship points.